In case you fail to pay advance tax during the year, for every month or part of delay you have to pay 1 percent interest. If you fail to file the return beyond the date then you will have to pay 1 percent interest on late filing of return as well as for non payment of advance tax.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
